429 W 1st Avenue Chico, CA 95926

$525,000 Closed

About the Property

Please Note: This property has been SOLD

Unlock the potential of this exceptional investment property in the heart of Chico, California. The 4-bedroom, 4.5-bathroom residence offers a rare blend of spaciousness and modern comfort, making it a lucrative addition to your portfolio. Designed to attract high-paying tenants seeking quality living, each bedroom features its own en-suite bathroom for tenant privacy, modern upgrades, and an open kitchen. Centrally located to shopping, downtown Chico, Bidwell Park and walking distance to Chico State University. Don't miss the opportunity to capitalize on this income-generating asset. Schedule a viewing today and secure your future returns.

Property Information

Size 1,430 SqFt
Price/SqFt $367
Lot Size 0.21 Acres
Year Built 2010
Property Type Residential Income
Zoning R3
Listing Number SN23175805
Listed 9/12/2023
Modified 2/6/2024
Listing Agent Peter Farsai
Listing Office Masiv Real Estate Inc.
Total Building 3
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fireplace
  • None
Garage Spaces
  • 1.00
Gross Income
  • 49800.00
Gross Scheduled Income
  • 51500.00
Levels
  • One
Net Operating Income
  • 48697.00
Operating Expense
  • 1103.00
Parking Total
  • 1.00
Pool
  • None
Price Pe rUnit
  • 262500
Roofing
  • Shingle
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 6884.00
Water Source
  • Public
Interior
  • Ceiling Fan(s)
  • In-Law Floorplan
Flooring
  • Laminate
  • Tile
  • Wood
Tenant Pays
  • Electricity
  • Gas
  • Janitorial Service
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Community Features
  • Biking
  • Curbs
  • Fishing
  • Foothills
  • Golf
  • Park